Читать книгу Revenue Recognition - Renee Rampulla - Страница 64

The following is some helpful information for entities electing to account for shipping and handling as activities to fulfill the promise to transfer the good to a customer in accordance with paragraph 18b of FASB ASC 606-10-25:

 Disclose the election of this policy in the notes to the financial statements in accordance with FASB ASC 235, Notes to Financial Statements.

 Apply the policy consistently to similar transaction types.

 Do not lose sight of the fact that if revenue is recognized for the related good before the shipping and handling activities occur, the related costs of those shipping and handling activities will need to be accrued.